Compliance Officer (Insurance) [Qatar]

Our client is a leading Qatari insurance provider dedicated to delivering exceptional service and protection to the clients. With a commitment to integrity and compliance, they strive to maintain the highest standards of ethical conduct in all aspects of operations.
 

Job Overview:
 

They are seeking a diligent and detail-oriented Compliance Officer to join their team. The Compliance Officer will be responsible for ensuring that the company operates in adherence to all relevant laws, regulations, and industry standards within the insurance sector. This role will involve developing and implementing compliance policies and procedures, conducting regular audits and assessments, and providing guidance to employees on compliance-related matters.
 

Key Responsibilities:
 

·        Develop and implement compliance policies, procedures, and guidelines in accordance with relevant laws, regulations, and industry standards within the insurance sector.
·        Monitor regulatory developments and assess their impact on the company’s operations, advising senior management on compliance issues and potential risks.
·        Conduct regular compliance audits and assessments to evaluate the effectiveness of existing controls and identify areas for improvement.
·        Coordinate with internal departments to ensure compliance with regulatory requirements, providing guidance and training to employees as needed.
·        Investigate compliance breaches, complaints, or allegations of misconduct, and take appropriate corrective actions in collaboration with relevant stakeholders.
·        Maintain accurate records of compliance activities, including audit findings, remediation actions, and regulatory filings.
·        Prepare and submit regulatory reports and filings in a timely manner, ensuring accuracy and completeness.
·        Stay updated on industry trends, best practices, and regulatory developments, participating in professional development activities as required.
 

Requirements

· Bachelor’s degree in business administration, finance, law, or a related field. Advanced degree or professional certification in compliance (e.g., CRCM, CCEP) is preferred.
· Minimum of 2 years of experience in compliance roles within the insurance industry, with a strong understanding of relevant Qatar laws, regulations, and industry standards.
· Proven ability to develop and implement compliance policies and procedures, conduct audits and assessments, and provide guidance to employees on compliance matters.
· Excellent analytical, problem-solving, and decision-making skills, with a keen attention to detail and accuracy.
· Strong communication and interpersonal skills, with the ability to collaborate effectively with internal stakeholders and regulatory authorities.
· Proficiency in Microsoft Office Suite and compliance management software.
· Must be based in Qatar.